By Wendy Van Sickle
Columbus, Ohio, May 17 – Barclays Bank plc priced $3 million of 0% trigger gears due May 18, 2020 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is greater than zero, the payout at maturity will be par of $10 plus 1.52 times the fund return. Investors will receive par if the fund declines by 25% or less and be fully exposed to the fund’s decline from its initial level if it declines by more than 25%.
UBS Financial Services Inc. and Barclays are the agents.
| Issuer: | Barclays Bank plc
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| Issue: | Trigger gears
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| Underlying fund: | iShares MSCI EAFE ETF
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| Amount: | $3 million
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| Maturity: | May 18, 2020
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 1.52 times any fund gain; par if fund declines by 25% or less; full exposure to loss if fund falls beyond 25%
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| Initial price: | $56.97
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| Downside threshold: | $42.73, 75% of initial price
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| Pricing date: | May 13
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| Settlement date: | May 18
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| Agents: | UBS Financial Services Inc. and Barclays
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| Fees: | 3%
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| Cusip: | 06740Q484
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